The price of ETH has tested the resistance level of $2,450 multiple times. According to multiple technical indicators and pending order analysis, the competition between buyers and sellers in this area is very fierce. This situation of testing the resistance level multiple times without being able to effectively break through usually indicates that the sellers The pressure is high and prices may be at risk of a pullback in the short term.
While there have been buyers trying to push the price higher on every test, strong selling pressure has made it difficult for the market to break above this critical level. The next few tests remain unbreakable and will most likely see the price fall back to the $2,400 support area.
Short order opening price 2440-2450
Take profit setting 2400
